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Calculation of Employer PF Contribution

former_member538867
Participant
0 Kudos

Dear Consultants,

Posting run of Payroll results reveals that the amount calculated as Employer PF contribution is not the amount manually calculated. It should be 3.67 % of Basic (subject to max Rs 6500).

Where I can see the actual calculation program?

I checked the wage type characteristics of /3F3 in V_512W_D but could not understand anything from it.

Regards

Bindumadhav

9869028264

Accepted Solutions (1)

Accepted Solutions (1)

former_member214675
Active Participant
0 Kudos

Hi,

The system is calculating correctly only.

See if u basic is 10,000 .

Since u have kept a limit of 6500.

Calculation is as follows

/3f3(Er PF cont) = 3.67 % of 6500 = 238.55

/3f4 (Er pension cont) = 8.33 % of 6500 = 541.45

Hope the cal is clear for u

Regards,

Prince Elvis

former_member538867
Participant
0 Kudos

Sir,

It should be 239 but it is 459.

Regards

Bindumadhav

9869028264

sikindar_a
Active Contributor
0 Kudos

Check the radio button which u have selected in infotype 587 and check for other employees tooo..........

Answers (4)

Answers (4)

sikindar_a
Active Contributor
0 Kudos

Check with our team members

and before checking RT table check the rates in table T7inf3

Former Member
0 Kudos

Hi,

check in payroll results using Tr code : pc_payresult.

Give ur personnel No. then see the RT tables details.

/3f3, /3f4 details.

How the system calculate.

Rgds,

RAO

Former Member
0 Kudos

Hi,

check in payroll results using Tr code : pc_payresult.

Give ur personnel No. then see the RT tables details.

/3f3, /3f4 details.

How the system calculate.

Rgds,

RAO

Former Member
0 Kudos

check the Function INEPF & P0587 in PE04